Pension transfer advice

Many people have been given unsuitable financial advice to transfer their valuable Defined Benefit pensions into less suitable and secure Defined Contribution schemes. Poor advice has led to growing compensation payments from the Financial Ombudsman Service and the Financial Services Compensation Scheme. Some have speculated that this issue may represent a large mis-selling scandal, the full scale of which may only come to light in the event of an economic downturn. …

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Coronavirus: Calls to ease No Recourse to Public Funds conditions

This briefing summarises who is subject to the No Recourse to Public Funds (NRPF) visa condition and how it is applied. It also identifies what state support and concessions might be available for migrants with NRPF during the coronavirus crisis. It does not cover migrants’ entitlements to NHS healthcare, or the position of European Economic Area nationals.…

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Benefits Uprating 2020

Benefits and tax credits that are linked to inflation rise by 1.7% in April 2020, marking the end of the four-year freeze that affected many such payments. Further increases have been made to Universal Credit, Working Tax Credit and Local Housing Allowance in response to the coronavirus outbreak. The triple lock delivers a 3.9% increase to the Basic and New State Pension.…

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Coronavirus: Support for economies by European and other states

What economic support have governments given to businesses and individuals to tackle the impact of the coronavirus? This paper looks at the policies put in place by the EU, governments in Europe, the US and other developed countries.…

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